These documents should be used when the transferee will not take over ownership of the business entity, but rather, will merely purchase the assets of the business. The buyer should make inquiry that none of the assets are subject to financing or any other type of lien interest, and that the seller has full title to such assets without the joinder of any other party.
Documents to be prepared for you: Asset Purchase Agreement, Deed/Bill of Sale. Price: $175.00
If you would like to proceed, please click here!
The following questions should be answered in order for us to prepare correct and enforceable documents:
Name of Business:
Will Real Estate be included in the sale? Yes No
Property Address: Property City: Property State: Property Zip Code:
Lot , Block , Addition to the City of , County, Texas.
If property is not in a lot/block subdivision, but surveyed by "METES and BOUNDS", please locate the metes and bounds description on the back of your existing deed and either fax it to us at 817.737.7201 or upload into your Client Briefcase upon completion of this questionaire. If you are unable to locate the legal description, check the box below.
Unable to locate legal description
Will Minerals be transferred? Yes No
If yes, how much? All Any portion owned by Seller % of all minerals % of Seller's minerals
If no: Seller shall retain all minerals. Seller does not own any minerals; the minerals were previously reserved by former owner.
If Seller retains any portion of the minerals, will Seller be required to waive surface rights (ability to enter a property and drill for minerals on the property)? Yes No
Amount of Sales Price attributable to Real Estate, (if any): $
Earnest Money held during pendency of Contract: $ (Earnest Money will be applied to Sales Price at Closing)
Other Assets Included in the Sale (check all that apply):
Name of Business Yes No
Telephone Number, Customer Lists, etc. Yes No
Equipment and Tools Yes No
Furniture, Supplies, Fixtures and Improvements Yes No
Inventory Yes No
Will Seller be required to sign a Non Competition agreement? Yes No
Description of business/activities Seller shall be prohibited from:
Number of years of Prohibition: years
Geographical area of Prohibition:
Sales Price: $
How will sales price be paid? All Cash With Financing
Amount of cash paid at closing (down payment): $
Amount of Financing: $
THIRD PARTY LENDER
Interest Rate: %
Term: Years
Name, Address and Phone of Lender (if known)
SELLER FINANCING
Late Charge: $ after
Tax & Insurance payments (choose one): Escrow Account Annual Proof of Payment
Due on Sale Clause: Yes No
Prepayment Penalty: Yes No
Credit Approval Required: Yes No
Personal Guaranty: Yes No
ASSUMPTION OF EXISTING DEBT
Name of Lender:
Unpaid balance at closing: $
Are any of the ownership interests encumbered by existing debt? Yes No
If yes, will the existing debt be Paid Off Assumed
Name, Address and Phone of existing lender (if any):
Name of Title Co./Attorney handling the closing: Rattikin & Rattikin, L.L.P., 5020 Collinwood Ave., Suite 400, Fort Worth, TX 76107
Does Purchaser desire Title Insurance on the Real Estate: Yes No (Note: Outside Lenders usually require Title Insurance)
If yes, Title Policy Premium will be paid by: Seller Buyer
Please check one: Buyer will accept the real property and assets AS IS Buyer desires a Feasibility Period (Option Period) of days to inspect the property and terminate the Agreement if unsuitable for its purposes
Date of Closing:
Date of Possession:
(if different from closing date, choose one, if desired): Seller's temporary lease after closing Buyer's temporary lease after closing
Do you have a Broker? Yes No
Name of broker(s):
Commission Amount: $ paid by
Seller % Buyer %
Prorations of taxes, insurance, dues, rents and other charges? Yes No
OPTIONAL: Upload files to help the TLD staff create your documents.